The company's financial position appears strained, evidenced by a debt-to-equity ratio of 1.56 as of 2025Q4 and a current ratio that dropped to 0.42, signaling potential liquidity constraints during off-season months.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Total Current Assets | 1.96B | 158.71M | 179.15M | 218.02M | 267.38M | 330M | 244M | 267M | 257M | 220M | 139M | 32M | 71M | 69M | 1.83T |
| Cash & Short-Term Investments | 1.33B | 111.58M | 110.14M | 125.15M | 150.66M | 142M | 151M | 142M | 107M | 132M | 107M | 13M | 11M | 57M | 520.95B |
| Cash Only | 1.33B | 111.58M | 110.14M | 125.15M | 150.66M | 142M | 151M | 142M | 107M | 132M | 107M | 13M | 11M | 57M | 520.95B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 262M | 33.57M | 49.99M | 62.92M | 70.23M | 40M | 30M | 28M | 21M | 32M | 15M | 0 | 0 | 0 | 106.14B |
| Days Sales Outstanding | 28.96 | 16.73 | 27.53 | 35.85 | 43.56 | 25.9 | 61.52 | 21.47 | 17.34 | 30.26 | 20.9 | - | - | - | 172.19K |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25.34M | 0 | 25.34B |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | 5.67 | - | 58.16K |
| Other Current Assets | 363M | 13.56M | 19.01M | 29.95M | 46.48M | 148M | 63M | 97M | 129M | 56M | 17M | 19M | 60M | 12M | 1.18T |
| Total Non-Current Assets | 13.94B | 1.46B | 1.34B | 1.29B | 1.22B | 1.31B | 1.33B | 1.33B | 1.55B | 1.65B | 1.41B | 817M | 534M | 483M | 7.23T |
| Property, Plant & Equipment | 1.1B | 0 | 807.49M | 769.45M | 729.8M | 777M | 799M | 795M | 1.04B | 1.1B | 930M | 362M | 71M | 10M | 1.57T |
| Fixed Asset Turnover | 1.96x | - | 0.82x | 0.83x | 0.81x | 0.73x | 0.22x | 0.60x | 0.42x | 0.35x | 0.28x | 0.67x | 3.52x | 26.00x | 0.00x |
| Goodwill | 6.96B | 175.76M | 175.76M | 175.76M | 175.76M | 180M | 180M | 180M | 180M | 180M | 180M | 180M | 180M | 180M | 1.82T |
| Intangible Assets | 4.96B | 123.7M | 123.7M | 123.7M | 123.7M | 164M | 167M | 177M | 180M | 192M | 216M | 213M | 221M | 238M | 2.52T |
| Long-Term Investments | 352.6M | 116.82M | 108.79M | 99.21M | 94.56M | 110M | 94M | 99M | 100M | 153M | 69M | 47M | 46M | 46M | 4B |
| Other Non-Current Assets | 389M | 1.04B | 128.96M | 118.18M | 99.45M | 75M | 87M | 75M | 47M | 22M | 14M | 15M | -907.97M | -2.3B | 391.79B |
| Total Assets | 15.89B | 1.61B | 1.52B | 1.5B | 1.49B | 1.64B | 1.57B | 1.59B | 1.8B | 1.87B | 1.55B | 849M | 605M | 552M | 9.05T |
| Asset Turnover | 0.27x | 0.45x | 0.43x | 0.43x | 0.39x | 0.34x | 0.11x | 0.30x | 0.24x | 0.21x | 0.17x | 0.29x | 0.41x | 0.47x | 0.00x |
| Asset Growth % | 865.45% | 5.98% | 1.3% | 0.92% | -8.88% | 4.14% | -1.38% | -11.75% | -3.27% | 20.54% | 82.33% | 40.33% | 9.6% | -99.99% | - |
| Total Current Liabilities | 1.45B | 377.04M | 286.66M | 233.67M | 240.91M | 136M | 173M | 188M | 84M | 91M | 168M | 77M | 42M | 59M | 2.31T |
| Accounts Payable | 524M | 43.47M | 63.71M | 73.1M | 54.75M | 66M | 53M | 63M | 29M | 58M | 141M | 24M | 20M | 7M | 0 |
| Days Payables Outstanding | 71.55 | 27.03 | 45.25 | 54.31 | 45.78 | 64.01 | - | - | - | - | - | - | 4.47 | - | - |
| Short-Term Debt | 53M | 215.35M | 104.19M | 42.15M | 74.81M | 12M | 59M | 59M | 14M | 13M | 0 | 0 | 0 | 777M | 4.23B |
| Deferred Revenue (Current) | 1.07B | 109.83M | 111.85M | 111.98M | 105M | 83M | 90M | 70M | 54M | 51M | 44M | 1.8B | 1.47B | 1.57B | 1.47T |
| Other Current Liabilities | 57M | 8.39M | 6.91M | 6.44M | 6.36M | 6M | 6M | 5M | 41M | 20M | -17M | 53M | 22M | -725M | 836.22B |
| Current Ratio | 1.35x | 0.42x | 0.62x | 0.93x | 1.11x | 2.43x | 1.41x | 1.42x | 3.06x | 2.42x | 0.83x | 0.42x | 1.69x | 1.17x | 0.79x |
| Quick Ratio | 1.35x | 0.42x | 0.62x | 0.93x | 1.11x | 2.43x | 1.41x | 1.42x | 3.06x | 2.42x | 0.83x | 0.42x | 1.09x | 1.17x | 0.78x |
| Cash Conversion Cycle | -42.59 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 6.03B | 699.73M | 700.96M | 730.01M | 950.24M | 1.2B | 1.11B | 1.03B | 1.28B | 1.35B | 980M | 421M | 192M | 7.49B | 3.6T |
| Long-Term Debt | 4.97B | 621.85M | 512.93M | 527.12M | 467.16M | 685M | 611M | 495M | 477M | 649M | 328M | 139M | 100M | 4.78B | 2.22T |
| Capital Lease Obligations | 301.29M | 0 | 103.84M | 103.59M | 107.22M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 723.04M | 41.28M | 43.52M | 0 | 54.1M | 65M | 52M | 61M | 69M | 62M | 48M | 1.67B | 1.22B | 0 | 1.22T |
| Other Non-Current Liabilities | 422M | 36.6M | 40.67M | 99.31M | 321.76M | 454M | 444M | 471M | 806M | 699M | 652M | 282M | 92M | -4.85B | 0 |
| Total Liabilities | 8.16B | 1.08B | 987.62M | 963.69M | 1.19B | 1.34B | 1.28B | 1.22B | 1.37B | 1.44B | 1.15B | 498M | 234M | 59M | 5.02T |
| Total Debt | 5.02B | 837.2M | 720.97M | 672.86M | 649.19M | 697M | 670M | 554M | 491M | 662M | 328M | 139M | 100M | 5.55B | 2.23T |
| Net Debt | 3.69B | 725.62M | 610.82M | 547.71M | 498.52M | 555M | 519M | 412M | 384M | 530M | 221M | 126M | 89M | 5.5B | 1.71T |
| Debt / Equity | 0.65x | 1.56x | 1.34x | 1.24x | 2.17x | 2.35x | 2.30x | 1.47x | 1.12x | 1.55x | 0.82x | 0.02x | 0.27x | 0.54x | 0.55x |
| Debt / EBITDA | 19.66x | 9.08x | 39.69x | 33.91x | 17.78x | 7.72x | - | 17.31x | 6.38x | - | - | 0.14x | - | 173.59x | 123684.11x |
| Net Debt / EBITDA | 14.44x | 7.87x | 33.63x | 27.61x | 13.65x | 6.15x | - | 12.88x | 4.99x | - | - | 0.13x | - | 171.81x | 94742.72x |
| Interest Coverage | 1.19x | 0.48x | -0.97x | -1.17x | -0.83x | 0.80x | -4.92x | -1.44x | 0.85x | -3.13x | -78.00x | -38.00x | - | 7.00x | - |
| Total Equity | 7.73B | 538.18M | 536.22M | 540.64M | 299.51M | 296M | 291M | 378M | 438M | 427M | 400M | 7.55B | 371M | 10.2B | 4.04T |
| Equity Growth % | 1459.72% | 0.37% | -0.82% | 80.51% | 1.19% | 1.72% | -23.02% | -13.7% | 2.58% | 6.75% | -94.7% | 1934.77% | -96.36% | -99.75% | - |
| Book Value per Share | 121.21 | 8.44 | 8.57 | 8.76 | 4.82 | 5.69 | 4.85 | 7.41 | 8.59 | 8.71 | 8.09 | 213.37 | 10.49 | 288.33 | 114176.47 |
| Total Shareholders' Equity | 7.73B | 526.05M | 524.18M | 528.6M | 299.51M | 296M | 291M | 378M | 446M | 413M | 385M | 351M | 371M | 400M | 4.04T |
| Common Stock | 2M | 103K | 624K | 619K | 0 | 5M | 0 | 0 | 446M | 413M | 385M | 351M | 371M | 400M | 5.26B |
| Retained Earnings | 7.84B | -609.01M | -585.64M | -554.38M | -429.08M | 12.72B | 0 | 0 | 0 | 0 | 0 | 0 | -6.31B | 11.86B | -6.31T |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -111M | -2.74M | -3.35M | -7.27M | -3.76M | -5M | 0 | 0 | -96M | -51M | -13M | 0 | 120K | 0 | 120M |
| Minority Interest | 0 | 12.13M | 12.04M | 12.04M | 0 | 0 | 0 | 0 | -8M | 14M | 15M | 7.2B | 0 | 9.8B | 0 |
RSN broadcasting revenue volatility
As reported in recent financial statements, BATRA's debt-to-equity ratio reached 1.56 in 2025Q4, reflecting a significant reliance on external financing to support operations and infrastructure, which warrants close monitoring given the company's persistent negative net margins and the inherent volatility of its primary sports-related revenue streams.
The company's debt load has trended upward, rising from $672.9 million in 2023Q4 to $837.2 million by 2025Q4. This leverage appears to be a structural necessity rather than a strategic choice, as the firm manages the high fixed-cost burden of professional sports operations alongside real estate development obligations.
Based on reported figures, the current ratio plummeted to 0.42 in 2025Q4, indicating that the company's short-term assets are insufficient to cover immediate liabilities, a trend that highlights the extreme seasonal liquidity pressure inherent in the professional sports business model during the off-season months.
The sharp decline in the current ratio from 0.93 in 2023Q4 suggests that the company's liquidity buffer is highly sensitive to the timing of broadcasting payments and ticket sales. Investors should interpret this as a potential vulnerability, as the firm lacks a consistent cash cushion to absorb unexpected operational shocks during the off-season.
According to recent SEC filings, the company's retained earnings remain deeply negative at -$609.0 million as of 2025Q4, which underscores the long-term impact of heavy depreciation and amortization charges that continue to erode the book value of the equity base for public shareholders.
The persistent negative retained earnings suggest that the business has struggled to generate accounting profits since its spin-off, likely due to the non-cash expenses associated with stadium assets and player contracts. This trend implies that the equity base is currently supported more by capital structure decisions than by organic earnings retention.
Data from financial disclosures reveals that goodwill accounts for a substantial portion of total assets, reaching $7.0 billion in 2026Q1, which suggests that the headline asset value may be significantly inflated by intangible premiums that do not contribute directly to the company's immediate cash-generating capacity.
The massive jump in goodwill in 2026Q1 warrants further investigation, as it appears to represent a significant departure from historical levels and may mask the underlying quality of the tangible asset base. Analysts should be wary of relying on total asset figures, as this intangible component could be subject to future impairment risks if the sports franchise's market value faces downward pressure.
Quick answers to the most common questions about buying BATRA stock.
As of 2025, Atlanta Braves Holdings, Inc. (BATRA) had total assets of $1.61B including $158.7M in current assets.
Atlanta Braves Holdings, Inc. (BATRA) carries total debt of $837.2M, offset by $111.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Atlanta Braves Holdings, Inc. (BATRA) has total shareholders' equity (book value) of $526.0M ($8.44 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Atlanta Braves Holdings, Inc. (BATRA) reported a current ratio of 0.42x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.